MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $4.81 Million Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,999 shares of the sporting goods retailer’s stock after buying an additional 1,436 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in DICK’S Sporting Goods were worth $4,805,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DKS. New Wave Wealth Advisors LLC acquired a new stake in DICK’S Sporting Goods in the 4th quarter worth approximately $28,000. Ancora Advisors LLC bought a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $30,000. Sound Income Strategies LLC boosted its holdings in shares of DICK’S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after buying an additional 118 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of DICK’S Sporting Goods by 108.6% during the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer’s stock worth $33,000 after buying an additional 76 shares during the period. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $184.01 on Monday. The business’s 50-day simple moving average is $192.01 and its 200 day simple moving average is $211.50. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The stock has a market cap of $14.69 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 2.47 and a beta of 1.16. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, topping the consensus estimate of $3.47 by $0.15. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the company earned $3.85 EPS. DICK’S Sporting Goods’s revenue was up .5% on a year-over-year basis. As a group, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods declared that its board has authorized a stock repurchase plan on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the sporting goods retailer to buy up to 18.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $1.2125 per share. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, March 28th. This represents a $4.85 annualized dividend and a dividend yield of 2.64%. DICK’S Sporting Goods’s payout ratio is presently 34.54%.

Analyst Ratings Changes

A number of research analysts have weighed in on DKS shares. Wells Fargo & Company boosted their target price on shares of DICK’S Sporting Goods from $171.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 14th. Loop Capital reduced their price objective on DICK’S Sporting Goods from $195.00 to $180.00 and set a “hold” rating for the company in a research report on Friday. DA Davidson restated a “buy” rating and issued a $273.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday. Barclays decreased their target price on shares of DICK’S Sporting Goods from $254.00 to $223.00 and set an “overweight” rating on the stock in a research report on Monday, May 12th. Finally, StockNews.com raised shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $229.79.

DICK’S Sporting Goods Company Profile

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.